Which of the Following Always Decreases When Output Increases

question 21

Multiple Choice

Which of the following always decreases when output increases?

• A) total fixed cost
• B) marginal cost
• C) average variable cost
• D) average fixed cost
• E) total cost

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Definitions:

Clean Hands

A doctrine in equity law that ensures parties seeking equitable relief must be free of wrongdoing in the matter before the court.

Non-Expert

An individual who does not possess specialized knowledge or skills in a particular area or field.

True Assertion

A claim or statement that accurately represents the facts and is correct.

Fraudulent Misrepresentation

A false statement made knowingly or recklessly with the intent to deceive, leading another to enter into a contract.